Total Energy Services (TSE:TOT) Sets New 1-Year High – Still a Buy?

Shares of Total Energy Services Inc. (TSE:TOT) hit a new 52-week high during trading on Tuesday . The company traded as high as C$15.95 and last traded at C$15.89, with a volume of 59088 shares traded. The stock had previously closed at C$15.37.

Analyst Upgrades and Downgrades

Separately, ATB Capital dropped their price target on shares of Total Energy Services from C$20.50 to C$20.00 and set an “outperform” rating for the company in a research note on Friday, December 19th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Total Energy Services currently has an average rating of “Buy” and a consensus price target of C$20.00.

Total Energy Services Stock Performance

The firm’s fifty day moving average is C$14.78 and its 200-day moving average is C$13.44. The company has a current ratio of 1.40, a quick ratio of 1.09 and a debt-to-equity ratio of 27.27. The stock has a market capitalization of C$589.22 million, a PE ratio of 10.00, a price-to-earnings-growth ratio of 1.77 and a beta of 1.04.

Total Energy Services (TSE:TOT) last announced its earnings results on Wednesday, November 12th. The company reported C$0.38 earnings per share for the quarter. The company had revenue of C$260.70 million during the quarter. Total Energy Services had a net margin of 4.90% and a return on equity of 7.84%. As a group, research analysts anticipate that Total Energy Services Inc. will post 2.0517598 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Daniel Kim Halyk purchased 5,000 shares of the firm’s stock in a transaction on Thursday, December 18th. The shares were bought at an average cost of C$14.80 per share, for a total transaction of C$74,000.00. Following the completion of the purchase, the director directly owned 855,000 shares of the company’s stock, valued at approximately C$12,654,000. This trade represents a 0.59% increase in their ownership of the stock. Also, insider Total Energy Services Inc purchased 300,892 shares of the stock in a transaction dated Wednesday, December 31st. The shares were purchased at an average price of C$15.02 per share, with a total value of C$4,519,397.84. Following the completion of the transaction, the insider owned 312,892 shares of the company’s stock, valued at approximately C$4,699,637.84. This trade represents a 2,507.43% increase in their ownership of the stock. In the last three months, insiders acquired 307,492 shares of company stock worth $4,615,512. 7.73% of the stock is owned by corporate insiders.

Total Energy Services Company Profile

Total Energy Services Inc is an energy services company. The operating segments of the company are Contract Drilling Services, Rentals & Transportation Services, Compression & Process Service, Well servicing, and Corporate. The company’s operations are conducted in Canada, the United States of America, and Australia.